Thursday tapped the 220-day M/A. In addition, for various reasons, I expected a weekend rally. The puppeteers use weekends to get their ducks in a row for the big show on Monday. Now we have the ECB ready to corrupt it's balance sheet, just like the Fed. $1 trillion shock and awe to cower the evil short sellers. It really has become a war between honest money and fiat money.
Meanwhile Godman Sacks is doing everything in it's power to ensure that Wall Street will face increased regulation, this time with it's algorithmic trading (proprietary trading is the cover name).
The high of the rally recovered 40% of the decline from 4/26. .618 retracement is SPX futures 1165. I'll be shorting a small amount at 1160 with a stop at 1168. SDS equivalent 30.78.
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